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  • May 1- The U.S. Nuclear Regulatory Commission said on Thursday it will issue a license soon to DTE Energy Co to build a new reactor at its Fermi nuclear power plant in Michigan. DTE proposed a 1,600- megawatt Economic Simplified Boiling Water Reactor built by General Electric Co and Hitachi Ltd. The license would be the first for an ESBWR reactor.

  • Duke, which sells power to 7.3 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, said adjusted income in its regulated power business rose 5 percent to $774 million. Net income attributable to Duke was $864 million, or $1.22 per share, in the first quarter ended March 31, compared with a loss of $97 million, or 14 cents per share, a...

  • Duke Energy profit helped by unusually cold weather Friday, 1 May 2015 | 7:19 AM ET

    May 1- Duke Energy Corp, the largest U.S. power company by generation capacity, reported a quarterly profit as exceptionally cold winter weather boosted electricity demand. Net income attributable to Duke was $864 million, or $1.22 per share, in the first quarter ended March 31, compared with a loss of $97 million, or 14 cents per share, a year earlier.

  • April 30- Solar panel makers SunPower Corp and First Solar Inc reported a quarterly loss, compared with a year-earlier profit, as they sold fewer power plants ahead of a spinoff of some of their assets into a joint public entity. SunPower and First Solar said in February that they would spin off some of their power plants into a limited partnership called 8 point3...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and to other long-term nuclear limitations. Iran, which is has been under sanctions for years, has a long history of illicit nuclear procurement using front...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and other long-term nuclear limitations. "The UK government informed the Panel on 20 April 2015 that it' is aware of an active Iranian nuclear procurement...

  • April 28- Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities. U.S. power companies shut or converted over 4,100 megawatts of coal-fired plants last year and are expected to stop burning coal at another 22,100 MW of plants in 2015, according to Thomson Reuters data.

  • April 28- The following table lays out forecasts for the cost of electricity generation in Japan in 2030, broken down by fuel type, outlined on Monday by the Ministry of Economy, Trade and Industry. Japan is still trying to work out its basic electricity mix four years after the meltdowns at the Fukushima Daiichi nuclear plant threw the country's energy policy...

  • Like shale oil, solar power is shaking up global energy Saturday, 25 Apr 2015 | 9:00 PM ET

    SINGAPORE/ TOKYO, April 26- One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. Solar power is set to become profitable in Japan as early as this quarter, according to the Japan Renewable Energy Foundation, freeing it from the need for government subsidies and...

  • TOKYO, April 24- Japan's government has proposed making nuclear energy account for between 20 and 22 percent of the country's electricity mix by 2030, with renewable energy to account for slightly more, media reported on Friday. It will, however, mark a shift away from nuclear power, which contributed to about 30 percent of Japan's electricity supply before the...

  • April 23- Coal miner Peabody Energy Corp reported a bigger-than-expected loss due to lower prices and declining Chinese demand. Sluggish demand from Europe and Asia, especially China, has also weighed on metallurgical or steel-making coal prices. Net loss attributable to Peabody's common stockholders widened to $176.6 million, or 65 cents per share, in the...

  • SINGAPORE, April 23- Earnings growth at China- listed companies is likely to be the slowest in three years in 2015, in line with an economy the government expects to expand at the weakest rate in a quarter of a century. Brokerages have seen commission income rocket due to high trading volume, and are likely to benefit further when Hong Kong investors start buying...

  • April 22- SolarCity Corp has started a fund that includes an investment from Credit Suisse to finance more than $1 billion in commercial solar energy systems for companies, schools and government organizations in the United States. SolarCity, the top U.S. residential solar installer by market share, said it finalized the deal with Credit Suisse in February and...

  • SEOUL, April 22- South Korea and the United States reached a deal on Wednesday to revise a 40- year-old civil nuclear pact that gives the Asian country limited freedom to produce fuel for power generation but continues to curb its ability to reprocess spent fuel. The deal paves the way for South Korea to enrich uranium to produce non-weapons grade nuclear fuel...

  • SEOUL, April 22- South Korea and the United States reached a deal on Wednesday to revise a 40- year-old agreement that has limited South Korea's ability to enrich uranium for nuclear power generation and to reprocess spent fuel, the foreign ministry in Seoul said. South Korea operates 23 atomic plants that provide one-third of the country's power needs, and has...

  • The decision by the Kagoshima District Court clears another hurdle for the plant to begin starting up as early as June as the government pushes to restart Japan's idled nuclear industry four years after the Fukushima disaster. It also suggests another court ruling last week to prevent the operation of two reactors west of Tokyo may have been an aberration for...

  • WASHINGTON, April 21- The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • No. 1 reason solar energy's boom is just starting Tuesday, 21 Apr 2015 | 11:00 AM ET
    Technicians install solar panels on a house in Mission Viejo, Calif.

    Solar power is proving it can compete without government help. And that means the main criticism of solar—cost competitiveness—is history.

  • WASHINGTON, April 21- The U.S. Supreme Court on Tuesday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...

  • WASHINGTON, April 21- The U.S. Supreme Court on Monday ruled that a federal law governing the natural gas market does not shield energy companies from state antitrust claims made over the western U.S. energy crisis between 2000 and 2002.. The ruling, on a 7-2 vote, was a loss for several energy companies, including American Electric Power Company Inc, Dynegy Inc and...